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they both claim. first time they confirm china has done this to an sdf ship. gonodera just spoke about it. >> translator: using this so-called radar, weapons radar, is an extraordinary act. the japanese government believes that the situation could have gotten extremely dangerous. >> >> he says they laj aid protest with chi noose ministry. he revealed it happened on january 30th in international waters. he says the vessels were about three kilometers apart. he says defense ministry analysts are investigating a separate incident from earlier in january. they suspect a chinese navy frigget trained its weapons on a self-defense helicopter. japan and china have wenlocked in a dispute over the senkaku islands. china and taiwan claim the territory. the japanese government nationalized the islands last september. chinese surveillance ships have been navigating in and around or out of japanese waters near the territory ever since. the area around the islands is believed to be rich in natural resources. the disagreement has affected diplomatic relations and trade. >>> security analysts are trying t
we got to this day. >> yeah, yeah. >> strong numbers out of china. >> that's right. we saw a big improvement there. but i have to say frankly, most people's attention whether it's here or on the other side of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the late
a fourth consecutive month of expansion. china's hsbc flash pmi index for february slipped to 50.4, the lowest reading in four months and down from a two-year high in january of 52.3. no one is hitting the panic button just yet. >> while the flash pmi slipped from a two-year high in yarn, it tells us china's economic recovery is intact. 6.4 is considered that the week long lunar new year holiday fell in february of this year. look back at lunar new year last year and you can see some of the distortion effect it fell in january 2012. what may be worry background this month's flash pmi is the new export orders subindex. it inched down to contraction territory, add to go existing worries about this sector. taken as a whole, the flash pmi number is the earliest indicator of china's health and the hsbc and the official data have been steadily improving. the hsbc category track tess official firms. the official is represented by green line here. now, all eyes are on friday when we will get the final pmi readings. back to you guys. >> all right. that was diedra. joining us for more, dar
the economies of europe, japan, china, and south korea. next, on booktv. this is a little over an hour.ro ba okay. it is great tock be back at the society. >> for 25 years now, we enjoy a terrific relationship with the a japan society in so manyys wayse ved quudible] bed we have lived quite a bit o time in this is great to be with you let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of debt cry cease and all of this, i just knew that it was right in our sweet spot in what we needed to be able to do. so we were able to convince him, and so now i'm not talking to you as his friend, i'm talking to you as his publisher. [laughter] and we had this decision, you know, we were going to do this book, and we kid. and we did. now, the ink wasn't even dry on this book when
. and they say the groups conducting these activities are based primarily in china and they say the chinese government is aware of them. the analysts say a group known as apt1 has targeted nearly 150 victims over seven years, institutions and companies around the world. they concluded that the group is likely government sponsored. they traced apt1 to four computer networks in shanghai. the analysts linked two of the networks to a unit of the people's liberation army. unit commanders are said to recruit students with computer skills who are fluent in english. their believed to have recruited several hundred to several thousand members. u.s. law enforcement officials have launched a campaign to crack down on those stealing trade secrets. >> as critical technologies have advanced, criminals have adapted accordingly. our need to keep pace with these changes remains imperative and the stakes have never really been higher. >> reporter: chinese government officials say they are not involved. they say many of the attacks come from the u.s. >> translator: china has also been targeted by hackers. it'
of europe, japan, china and south korea. next on booktv. this is a little over an hour. [applause] >> okay. first of all, it's great to be back at the japan society, and we enjoy our relationship that way. tokyo, for the mcgraw-hill companies, has been the headquarters of our asia pacific operations for 25 years now, and we enjoy a terrific relationship and a lot concern in a lot of different ways. one of many by colleagues is with me, doug peterson, who just joined us from citi, and he is heading up standard & poor's ratings, and we welcome you, doug. and doug has lived with citi all over the world and as such as lived quite a bit of time in japan itself. so it's great to be with you tonight as well, doug. let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of d
the issue of the globe. we are seeing on this show i feel others aren't, a resurgence in china. you're well positioned. an incredible come back in latin america, particularly mexico. europe's stabilizing. i say it's good. in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers with up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. china is picking up. latsen america was the strongest growth region, slowed down last year because of argentina. we haven't talked about africa which is another place where global capital flows are coming in in ways we have never seen before. >> let's talk about china for a moment. we see china as having a big year in 2013. a lot of people had penalized your stock, tank it down to the -- well at that point into the 50s because they felt you were overexpanding in china. you're probably as a per
from around the world. spanish bank stocks hit hard. bbv bbva, sees profits plunge. a pair of china manufacturing survey seeking expansion in january. the official pmi has slipped below expectations. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction
up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over banking standards and next week
.s. and china are our biggest markets. the u.s. has done well. europe is low growth. that is just to stay we are in. with intercontinental at the top and, we perform well. >> a couple of brands on the move there. >> thank you very much indeed. now, a secretive chinese military unit is believed to be behind a series of hacking attacks on the u.s. infrastructure according to an american based computer security specialists. they say they believe that many of the most serious attacks came from a power bloc in shanghai. they have analyzed more the 140 attacks launched by the target since 2006 and say that china has targeted critical infrastructure in the united states and that their electrical power grid and waterworks the tax can be placed on addresses in shanghai. for a bit more, john is in shanghai. what have you tried to discover and what are the difficulties you have encountered? >> it has long been alleged that china is behind this kind of systematic cyber-attack. but i think that this report has something qualitatively different. it is very different and contains keystroke by keystroke ana
to step aside. >>> the rush to set up shop in china is down. the fastest decline in more than three years in january. >>> okay. lots happening on the program today including a grew interviewer coming up. we'll be counting down to the bank of england minutes after andrew bailey is to lead the new banking regulation unit. the minutes will be out in a half-hour's time. we'll bring those and u.k. unemployment figures. >>> the central bank watch extends overseas as investors stand by for minutes from the federal reserve's latest meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin h
challenges facing the economies of europe, japan, china, and south korea. next on book tv. this is a little over an hour. [applause] >> okay. first of all, it is great to be back. we enjoyed our relationship that way. tokyo has been the headquarters of our asia-pacific operations for 25 years now. we enjoy a terrific relationship and a lot of different ways. one of my colleagues who is with me, doug peterson who just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking
. they plan to have more than 1500 cafes in china by 2015. that is the latest from the fox business network, giving you the power to prosper much. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c-class iso exception. it's a mercedes-benz throu and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. tracy: breaking news. colleagues at the "wall street journal" reporting officemax and office depot are in talks o merge. sources say the talks are fluid and could still fall apart. shares of both are up really nicely in the past year. and of course you definitely want to catch those names in tomorrow's open. man, officemax up almost 87% over the last year. ashley: that's impressive no doubt. tracy: selling a lot of post-its. ashley: it is. get your motor running. it is the final day of presidents weekend and automakers count on good weather for big customer turnout. over 12% february sales come from this weeke
espionage and cyber attacks from people in china. he listed several cases in which chinese nationals were convicted of stealing trade or secrets. president barack obama expressed his worries last week in his state of the union. he said what he called enemies are trying to sabotage the power grid, financial institutions and air traffic control systems. obama signed a new executive order to strengthen cyber defenses. officials said last year that the number of cyber attacks targeting critical infrastructure has ren draticl dramatically. they reported 198 cases in 2011. only nine two years earlier. >>> japanese and chinese officials have not seen eye to eye over the past few months but two diplomats have found some common ground. they agreed to cooperate on the nuclear program in north korea. shinsuke met in beijing with a special envoy for korean peninsula wu dawei. north korean scientists conducted a nuclear test last week. he said the test and rocket launch in december cannot be condoned. he asked chinese officials in pyongyang to exercise greater restraint. >> japan has high expectations
on bringing top investors with us. we brought china investment corporation to invest in several transactions. last year 1.5 billion came from investors. so our approach is invest a little bit of money, but have investors since the walls come and invest in russia so it's all about increasing the partnership of foreign investors and of private investors in the foreign economy. >> we had the ipo going on at the moment, as well. you are a stakeholder in that, as well. can you tell us what the intentions are regarding that ipo? >> well, we're big deliverers in my business. we're a shareholder. we would like to increase our stake in the business and we would like to continue bringing investors with us. we already brought quite a few investors into the company. the ipo will be happening tonight. we have big delivery of the business because it's a monopoly stock exchange in russia. president putin mentioned that most of the exchange will happen with the schangz. >> and so you can't tell us exactly what you're doing until we find out tomorrow, but there is a good chance you want to increase your expo
years ago it looked pretty shakey. china camp state park in close when the state park system was battered by state budgetcuts. we have been in triage mode in the last few years in ha in addition to the historical china camp village, the park has some of the best single track mountain bike trails in the bay area, trails the mountain bike team train on. to come and hang out at the park. but concerned citizens of marin raised nearly a million dollars to save china camp from closure, money that was matched by another million dollars from state parks. saturday those fund raising groups signed a partnership with the state park system to formalize that agreement. that matching money, which was part of the undisclosed funds embarassingly discovered nearly two years ago in the state parks budget, will bring enough funding for three marin county parks to stay open for two and a half years. china camp, olompali, and samuel p. taylor. three ago. as welcome as those funds may be, state matching funds will not be available in the future and state park officials realize that partnerships wi
monetary condition in china. in japan, the nikkei recouped early losses to finish higher by 0.7% while investors watch if the u.s. backs aggressive economic recovery plans. .some european sensitive stocks were weaker over concerns about the u.s. economy and data but heavy with stocks. south korea's kospi managed to finish largely in the green. australia's asx 200 finished about 0.75% in the green. india's sensex now trading higher by 0.3%. back to you. >> sixuan, thank you very much. a lot of key levels on global markets this week. still to come on the program, we'll be live on the ground. here are some highlights of what we've heard from the candidates so far. >> i've never spent that much on something for any girlfriend. an incredible sum. it's the most interesting i could do. we've announced the wish to make a gesture from the state aimed at renewing our closest and peaceful relationship with the people. >> translator: we'll put italy first. we need to pull out of this. we don't want to have enemies. we want to use our ideas to call italy out of this situation. and i also want to sp
taster. in china, it's the first trading day market in the new year of the snake. so will it be new year old problems? up next from hong kong, we'll have the latest analysis. >> did you just slither? also, the final week of campaigning in italy ahead of the general elections. we will be live in milan throughout the morning for a roundup of the candidates policies and pit falls. julia will join us for that. >>> and hear state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider chang
announcer ] hold packages at any fedex office location. >>> over the weekend, china's service sector gauged up slightly for january, as well, which is adding to evidence of some economic rebound. let's check in with markets across asia. li sixuan joins us from singapore. >> thank you, kelly. as you just mentioned, those eurozone fears and a negative handover from wall street were somewhat offset by upbeat data from china. the latest pmi data confirmed more signs of china's recovery. the shanghai composite reversed early losses to end marginally higher today. developers left the game. railway stocks soared to 8% to 10% growth in light of people traveling during this week's holiday rush. meanwhile, the hang seng had its worst day in almost three months. shares tumbled 6.4% today after a $3 billion new share placement added 9.5% discount from montd's closing price. in japan, the nikkei pulled back from its 33-month high, ending down by nearly 2%. shares slipped of 6% after its outlook by 16%. retailing lost over 3%. this comes after its unit close in domestic same store sales last month. elsew
in beijing was muted given the record levels of air pollution. >> you decided to go to china town this weekend? >> we thought we would try. lunar new year is probably not the best day of the year to casually swing by and hope for a spot. >> no. >>> meanwhile, hundreds of thousands of resolvers took to the streets to enjoy parties and parades. rio's carnival alone sets to generate more than $650 million for the local economy, as well as celebrations in 2013 as well as a test of brazil's infrastructure ahead of the world cup next year and the olympic games in 2016. joining us for more is mya bandari. huge infrastructure problem, actually, for brazil with those events. are they meeting that challenge? >> well, i think the key point really to make about things like olympics and the world cup is that they tend to have fairly standard effects, if you like, on the economy. we saw that with the uk, we saw that with china. you have really a temporary fiscal boost in the two quarters in the run up to the event. then what happens in the actual quarter is a little bit dubious. it depends on,
to benefit from that. from china, india, indonesia, and so on. that is not the end of the story. a task even graver remains. to enhance japan's productivity. women should be given much greater opportunities. the mostly aged population should be able to give their money to the younger generation with similar tax burdens, which is exactly what my government is now doing. before conclusion, let me make a few words on china. and then define how i view the u.s.-japan relationship. history and international law both attest the japan sovereign territory. between 1895 and 1971, no challenge was made by anyone against japanese sovereignty. we simply cannot tolerate any challenge now and in the future. no nation should make any miscalculation about the permanence of our resolve. no one should ever doubt the robustness of the japan-u.s. alliance. at the same time, i have absolutely no intention for escalation. my government is investing more into the people oppose the exchange's between japan and china. for me, japan's relations with china stand out as among the most important. i never cease to pursue
suppliers in china. the fast food chain is addressing a recent scandal in china that revealed an excessive use of antibiotics to fatten chicken. kfc will stop business with 1,000 small suppliers in an effort to rebuild its brand in the eastern nation. sales fell nearly 25% following the scandal. kfc is the largest fast food chain in china. ikea is taking meatballs off the menu. the swedish retailer is the latest victim in the growing crisis of horse meat showing up in beef products in europe. the company has halted sales of its famous frozen meatballs in 14 european countries because tests confirmed the presence of horse dna. about a dozen different countries have now been affected by the crisis that started a month ago in ireland. tech convention mobile world congress continues today in barcelona. the convention proves that there is no lack of innovation or competition in the market right now. hp has announced its new "slate 7" tablet. the device, which hits the market in april, is priced at a modest $169, below the $200-and-above range for tablets from amazon and apple. meanwhile, master
in southern china. four tourists decide and three others were injured. a couple of years earlier a balloon exploded immediately after taking off in the suburbs of vancouver, canada. to people died and 11 others were injured. and in 1995 strong winds forced a hot air balloon into the sea off the coast of new zealand. three of the nine people on board died. >>> italian election officials say no clear front-runner has emerged in national elections. the center-left coalition is projected to win a majority in the lower house of parliaments but results in the upper house were less certain. the country could be headed for political gridlock, raising concerns about the next leader's ability to tackle a number of economic problems. political analysts said the election amounted to a referendum on austerity measures imposed by the current government. officials have counted almost all of the ballots for the lower house. under election laws the political group with the most votes is given enough seats to claim a majority in that chamber. government officials say the center-left coalition captured 29.5%
sweating the jpm program. but captain jamie dimon got that moby sucker. how about china? how about china? another reason we got crushed was china. aren't we petrify thad china is stalled. break down the handbook here, and china stalled, that means commodities stalled, which means the strength is khmer call. i told you we want to listen to michael sutherland, the biggest pure play in mining equipment. china coming on strong, a demand for commodities around the globe. another issue neutered by today's evidence. but isn't the consumer -- i got the whole litany, isn't the consumer tapped out by higher gasoline prices? by the end of the payroll tax holiday, by increased taxes for the rich. by the bad weather lately. i don't know, but newly created gatsby index was on fire. dollar tree, and great gatsby nick caraway. and how about the all-time high, home depot. three-point jump macy's moving up another buck and walmart continuing to run, despite endless attempts by portraying the company having a dim view of the future. something by the end of the show saying jcpenney stinks, oh, i threw that
like drugs, stolen by thugs, and threatened by inferior imports from china. >> he found one already? where, where, where? where? he found one? oh, my god. oh, smell that. in the beautiful italian province of perugia, truffle hunters roam the frosty hills with their trained dogs, who sniff out these lumpy mushrooms when they're ripe, one at a time, as they have for centuries. wow. truffles grow wild, underground, usually at the base of an oak tree. [pig snorts] they used to use pigs, but they ate the truffles. >> very rich american people, they only see truffles on the table of a very elegant restaurant. they don't see this. now you know why they are expensive, right? >> olga urbani may be the only person in the world who goes truffle hunting in a full-length fur coat and a caribbean tan. but in the truffle business, she can pretty much do what she wants. olga. >> yeah. >> her company, urbani, controls 70% of the world's truffle trade. >> when you find the truffles, it's like to have a miracle. >> another one. other countries, including the u.s., have tried cultivating truffles with
. china. that fxi was also on the weak side. what was the gainers? well, it's the risk off trade stox. the bond funds did well. and people who were investing in shorting the stock market like the sds did well today. finally is this the start of a consolidation flat lining? we don't know. but the vix moved up. i'd say right now 1% decline -- 100 point decline after a thousand-point move still pretty small. i think we have to wait for another 300 or 400 points before we get concerned. >>> automatic spending cuts looming large and will occur in less than a month without some kind of d.c. deal. here's what president obama had to say about spending and taxes last night on cbs news before the super bowl. >> there is no doubt we need additional revenue. coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way. >> so what does smart spending cuts mean? judd gregg is co-chair of the fix the debt campaign. robert reich is from the university of california at berkeley and author of "beyond outrage." both are cnbc contributors and we thank you f
demand thanks to shipments in china after a dismal year for the industry. >>> disney could be the happiest place on earth today. the media giant reports better than expected earnings, sees even brighter days ahead. >>> new imminent privatization for ubs. the business secretary plays down talk of a government plan to sell shares in the state-owned banks. this as rbc confirms it's liable to face libor penalties. >>> all right. let's bring you up to speed at the top of the program. we start with global equities and european equities in particular, weighted to the upside. 8-1. advancers outpaced decliners at the moment. footse 100, gauges today, this is where we stand. up .5%, xetera dax up a quarter. the ibex up .4, trying to receiver from the losses on monday -- recover from the losses on monday. the cac cac up .25. shares jumping after a strong earnings report. the danish wind turbine maker announcing better than expected rise in fourth quarter profit and revenue. stock up 7%. they expect a pickup and more demand this year. this after the net loss widened to $4 billion in th
of dollars a year. the fingers are pointing at china, as the white house announces plans to fight the hackers. >>> and this is crazy. why hand sanitizer is being singled out in a fire that severely burned an 11-year-old girl. wait until you hear how something so common turned into something so hazardous. you think you're doing the right thing, killing the germs, all the dirt in our workplace and homes and something like that happens. that story is crazy. >> and where it happened is also crazy. >>> and later on, clyde davis, his tell-all book, his big secrets, and a singing star who has a few choice words for him. that's coming up in "the skinny." >> he's having a little battle with a well-known singer. "nightline" revealed an interesting tidbit from his personal life. >> we'll get to all of that. >>> but first, crews are working through the overnight hours at the scene of that explosion and the fire in downtown kansas city. >> they brought in cadaver dogs just as a precaution, since the destruction was on a widespread scale. witnesses said there was a strong odor of gas right before the explo
. china's securities regulator issued a draft to allow more brokerages to expand asset-backed securities businesses. also, there are reports that beijing will soon allow resident in hong kong and taiwan to invest in the mainland's a shares, boosting market liquidity. meanwhile, shares in hong kong bounced off its two-month low, up .25%. aia shares added over 4% after posting an 89% jump in 2012 profit. the property counter also lent support while hong kong's government pledged more public housing and lends supply to home affordability. another lackluster session in japan after yesterday's over 2% tumble. the nikkei lost 1.3%. financials led the renewals on losses and worries. a stronger yen sent exporter stocks lower. cannon slipped nearly 3% despite the camera maker forecasting that 7% to 8% growth for 2013 sales. elsewhere, the kospi ended marginally in the green, up .2%. south korean automakers drove higher thanks to the yen's regained strength. hyundai added .7%. while the company agreed to set fuel economy cases in the u.s., although the amount is not disclosed. meanwhile, australia
on in india and china and brazil and these other countries, they're fighting to keep it down. they actually want to keep it down. you saw what happened with china last week. they're doing so well that they're trying to pull it back. we're just the opposite. we need leadership. it's a very simple thing. >> brian: we know they're taking everything we have, copying it, they have felt no repercussions and there are things we could be doing. you also tweeted out that china and iran, they're helping china become a nuclear nation and we're not doing anything about it. >> look, china is not our friend. i've done lots of business with china. i've made a lot of money with them. they've been very nice to me in many ways. but i made a loft money with china. but they are not our friends. they don't respect us. they don't respect our leadership. they laugh at us. when you look at what's happening as an example, in north korea, they controlled north korea. we're always fighting with north korea. china, with one call, could settle the problem and settle the problem with north korea. they love taunting us.
that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been pretty patient with its bad behavior and this nuclear test could complicate things a bit, given that the chinese support was to maintain the status quo in the region. guys, back to you. >> chery, thanks very much. we should note the international response has been swift. you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> than
to shrink as it struggled to manage a food safety scare in china. remember i made that joke about cats. we'll leave that alone. also, toyota now raising its annual profit guidance banking on stronger sales in the u.s. market and a boochtd from a weaker yen. but the automaker says it will not build any new factories in three years despite product. >> why don't we take a look at markets this morning. yesterday, the markets had their worst performance in 2013. the dow was down by about 129 points. that is less than 1%. s&p was off about 1 is.1%. and the nasdaq was off by about 1.5%. this morning, we do see some green arrows indicating that at least at the open, if things continue at the pace they are at right now, you will see some gains for the stock market, a bounceback after the dow fell back below 14,000 yesterday. take a look at oil price these morning. right now, you'll see that wti crude is up by about 47 cents. that's about 0.5%. 96.64. the ten-year note, which kwled yesterday was once again yielding around 2%, at this point, the yield is back at 1 of 989%, sitting right at that cusp
saw in china sales rebounding last month, over 2% following a big drop in december. you're also joining baic motors in a joint venture there. how do you see the china sales progressing? and what percentage of your sales will now be in mainland china? >> well, we expect china to become our biggest market. last year, this was the united states. in china, we after a slowdown of our growth last year have made some decisions, including a board member for china, a new sales structure and recently the intended investment into bike. with these changes and, of course, lastly driven by our great product, we expect to regain momentum throughout this year. >> what happened in china? were you not -- should you not have been more aggressive going into that market which is clearly the growth opportunity here and where are you lagging rivals? >> well, first of all, we came many years later than our direct competitors. for about 60 years, we had a great catch up. we grew faster than our direct competitors. in 2011, we were almost at the level of one of the two competitors. 12 we lost momentum. t
of china. this is looking at friday morning, that storm system just to the south really widespread rain showers but even in tokyo going into the noon hours could see a flurry or two inland. nothing accumulating on the ground but goes to show how cold this will be as it does push overhead. higher elevations will see snowfall not just from this system as it pushes by. that snow effect machine will be turning back up. 30 centimeters of snowfall expected around tohoku. if you're a skier you'll be very happy because that will bring fresh powder for you. high pressure dominating northern china. air stagnation a main issue in the beijing. farther towards the south warm air is moving in. hong kong 23 here for your high on your friday. not that warm actually across most of the u.s. and canada here those. we were talking about a few storm systems one here across florida. that's keeping things rather wet for the time being, some thunderstorms flaring up but nothing too severe. further towards the north watching an alberta clipper moving through bringing heavy snowfall across the great lakes, on to
to strike back against cyber espionage. this is new information that suggest china's government is behind cyber attacks. nbc's danielle leigh is live in washington with the details. danielle, good morning. what are we expecting to hear from the white house this morning? >> reporter: mara, good morning, the white house will come out with a report detailing new aggressive steps to protect u.s. trade secrets against cyber attacks. that could include fines, penalties and other trade action. 140 companies were tar feted. this kind of attack is something the department of defense and white house has been concerned about for quite some time. the china government is denying being involved in any sort of attack. >> joe biden is offering up best advice on how to defend yourself with a firearm. joe biden talked about gun roll efforts, including the size of ammunition clips and other proposals. during that chat biden said the best thing for texas is a shotgun. >> put that double-barrel shotgun and fire two blasts outside the house. i promise you, whoever is coming in is not going to -- you don't need
securities firm pointing the finger at china. i am joined by tom, who was a member of the commission on cyber security. the administration tiptoed over whether china was responsible for these cyber attacks. >> i think they are signaling to the rest of the world but we are more willing to not only publicly embarrass those regimes but the use hard and soft power. >> what did you say could be done to protect u.s. computer systems? >> we recommend a number of things, first to modernize authority for criminal penalties as well as to regulate statutes, to improve the way they protect data. many have taken a lackadaisical approach to securing them, over relying on things to protect themselves. >> are those vulnerable? >> every system is vulnerable. they said there are those of us who know they have been hit and those who do not know. there are only two types, and we need to understand there is a multiplicity of factors. it is a free fire zone, and nations to not control the lawlessness. >> what is the worst-case scenario? what are we talking about, the stock exchange going down? >> it is about manip
, but we have a stationary boundary start to develop out of china, that will push toward the east. actually through the overnight hours, on tuesday into wednesday. much of the area, 100 millimeters of rainfall, and generally about 30 to 50 millimeters on tap. some of the higher elevations could see 20 centimeters of snow. after it pushes by, it brings in a lot of warm air. temperatures will warm up. tokyo, 13 on wednesday, thursday, up to right around 15 degrees. same in seoul. but see all the area in the blue? that is going to start to invade toward the south. bringing much colder temperatures by the weekend. dropping back into the single digits across much of japan over to northeastern china. we take a look at the americas here, the main topic is this very classic storm system. look at that comma shape, continuing to kick up here, push across the plains into the great lakes. that is going to bring heavy snowfall along the northern periphery, upward of 30 centimeters. anywhere you see in the darker color is really travel delays, heavy snow, bitterly cold windchills. 65 kilometer per hour w
the ministry of tourism that they contacted the relevant embassies, which includes china, japan, hungary, france, and britain, to coordinate the response and how to get the bodies back home. of course, this comes as a huge blow for the egyptian tourist -- tourism industry. one of the main sources of revenue, being one of the last areas of the country where tourists were still going to, given the fact that cairo and surrounding cities are stowe -- are so unstable politically, and also the fact that the sinai is reported to be a difficult area to navigate in various reports of kidnappings there. it comes as a blow to the egyptian economy at a time when it could ill afford an accident like this. >> syria's opposition decided it will after all attend a conference in rome to discuss the future of the country. the change of heart was prompted by the u.s.-u.k. who promised more aid. the coalition previously refused to attend in protest for what it called a world silence over the conflict. the syrian government would not be in wrong but it did say on monday it would negotiate with any group, inc
in the u.s., quotes were double those from china, where 99% of u.s.-sold bicycles are made. > >after spending a considerable amount of time doing market research on the current coaster, kerr has some advice for other entrepreneurs as they venture into making their products thrive. "i think you gotta keep the dream. you gotta really remember what your vision is and be willing to adjust your vision as you learn more about your market, because it may not be what you thought in the first place." reporting for first business news, i'm ky sisson. for more information on the current coaster, check out: www.ridecurrent.com. coming up next, movies and money. why one film studio should be afraid at the box office, very afraid. the box office will be filled with fantasies for the next couple of weeks. erik childress, our movie guy, is here to explain that. good to have you back. > > thank you. > first off, "jack the giant slayer." this is a huge fantasy film. what do you expect? > > i expect warner brothers is going to be sweating a little this weekend. > why so? > > one, they are not having a
visibility caused by fog. china says 26 people are dead. police are investigate judging the cause of the explosion. >>> sharp may be following the foot steps of some recent companies. ron madison is here to explain the story. >> rough days for some electronics makers. many are staging come backs. sharp is one of these companies. the struggling maker said it posted its first profit in the final three moves last year. sharp executives say operating profit between october and december totalled about $28 million. that came largely from higher than tar get sales of crystal television sets and smartphones. the company set up a goal to start posting profits in the second half of this fiscal year that ends in march. that was a condition for firm to don't receive financial support from its main banks. the managing direct orsaid the company will make speedy efforts to restructure. he also says the company will continue to consider selling it's overseas plants and receive investment from taiwanese electronics giant. that will be part of its further turn around attempt. >>> meanwhile panasoni
, home to some very unusual creatures. there is an on-line debate in china about the trial of a pensioner accused of murdering a doctor and a height of the cultural revolution more than 40 years ago. launched in 1966, the revolution was marked by intense violence against intellectuals and other people who were seen as members of the bourgeoisie. john says the details of the case are slowly filtering out. >> we have only got the most basic of details. we know that the defendant is a man called mr. chu. we do not have his given name, only his family name. we know that the trial is taking place in a district in one of their eastern provinces. as you say, we know that it relates to a crime dating back more than 40 years, which took place in 1967, the murder of a doctorate the height of the cultural revolution. one year after the chairman had begun his decade of violence. mr. chu is accused of murdering his doctor and cutting off his legs before burying him. a pretty brutal crime. the cultural revolution itself is still somewhat of a taboo subject in china. this case has prompted, as you say,
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